From the ATO who should know.
A capital loss cannot be offset against income from other sources but must be offset against capital gains and may be carried forward to offset against future capital gains.
https://www.ato.gov.au/General/Capital-gains-tax/In-detail/Shares,-units-and-similar-investments/Claiming-losses-from-the-disposal-of-investments/?page=2
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- how does capital loss offsets work?
how does capital loss offsets work?, page-3
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